IQ Capital

Speecmatics, based at Cambridge Science Park, has won the Scale-up Award at the Barclays’ annual High Growth and Entrepreneur National Awards ceremony.

The awards were announced by actor, television presenter and radio DJ, Reggie Yates, during a live stream virtual event last week.

A key note speech was given by businesswoman, entrepreneur and TV Dragon, Deborah Meaden.

Speechmatics powers applications that require mission-critical, accurate speech recognition through its any-context speech recognition engine. Speechmatics’ speech recognition technology is used by enterprises in scenarios such as contact centers, legal, compliance, eDiscovery, security, media & entertainment and software. Speechmatics processes millions of hours of transcription worldwide every month in 30+ languages.

Having pioneered machine learning voice engineering, Speechmatics is enabling companies to build applications that detect and transcribe voice in any context and in real-time. Its neural networks consider acoustics, languages, dialects, multiple speakers, punctuation, capitalization, context and implicit meanings.

Katy Wigdahl, CEO, Speechmatics (pictured) said: “It has been a phenomenally challenging year for businesses across the world. Winning the scale-up of the year award for consistent and rapid growth means even more to our business in testing times. We have focused on building an innovative, automated technology that is vital to the growth and scale of many use cases and markets which has become even more critical during the pandemic.”

Juliet Rogan, National Head of High Growth at Barclays, said: “The awards are a celebration of the exceptional innovation and leadership entrepreneurs show, disproportionately driving job growth, attracting investment, and creating innovative products and services. In what has been a difficult time for businesses due to the coronavirus outbreak it is even more important than ever we celebrate and recognise their achievements. Entrepreneurs are fundamental to the UK’s economic competitive advantage, that shape our todays as well as tomorrows.”

A national judging panel made up of key industry leaders and influencers selected the overall national winners.

The awards bring the full entrepreneurial community together. This year, for the first time, Barclaycard joined the event alongside Barclays Rise and Eagle Labs as partners of the Awards. This group wide initiative started five years ago and forms an integral part of its support for entrepreneurship across the bank.

Originally published here.

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